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Are you thinking about leasing your mineral rights?

By Sam Groce
Posted Monday, July 18, 2011

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Pittsboro, NC - With the arrival of natural gas leases in Chatham County, landowners should acquaint themselves with how to critically assess mineral rights contracts and understand potential impacts of drilling on agricultural fields, water resources, timber, and personal property. Topics of discussion will include negotiating a fair mineral rights lease, potential impacts on land resources, and limiting landowner financial liabilities in contracts. The Chatham County Center of North Carolina Cooperative Extension in conjunction with Rural Advancement Foundation International (RAFI-USA) will be conducting a program to help answer landowners questions about these issues.

Dr. Ted Feitshans, attorney and an Extension Specialist in the Agricultural and Resource Economics department at NCSU, will lead a presentation on how landowners can evaluate leases offered to them by drilling companies and determine the status of ownership of the mineral rights on their land. Dr. Feitshans is one of the few mineral rights experts in North Carolina, with extensive experience in environmental and agricultural law. Representatives from RAFI-USA, a farmer advocacy non-profit organization based in Pittsboro, will be present to help landowners with additional resources on natural gas extraction and information on legal supports available to landowners interested in signing a mineral rights lease. Following the presentations there will be a question and answer session for program participants.

This program will run from 6:30 - 8:30 p.m. on Tuesday July 19th, 2011 in the Auditorium of the Chatham County Agriculture building in Pittsboro, NC. For additional information you may contact the Chatham County Center of NC Cooperative Extension at 919-542-8202 or by e-mail.

 
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